Bloomberg reported that crypto money manager GrayScale wants to enter the European market.
It is not clear for now which countries GrayScale’s expansion request covers.
The company’s CEO, Michael Sonnenshein, claims that the approach will be “very methodical” and will focus on separate financial centers in Europe.
Grayscale, a subsidiary of Digital Currency Group, holds approximately $35 billion in assets under management.
Some companies’ crypto products such as VanEck, CoinShares and 21Shares AG are traded on some European exchanges. These assets manage more than $7.1 billion in assets.
GrayScale is struggling to convert its Bitcoin Trust product into a spot Bitcoin ETF in its region. GrayScale appears ready to sue in the event of a refusal.
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